Bidding War Mistakes: 3 Big Ones that Thunder Bay Buyers are Making! If you are a home buyer in Thunder Bay, I am sure you know just how competitive the current real estate market is. Interest rates, although rising, are still at historically low prices, and a shortage of inventory is leading to most homes […]
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Real Estate Contracts: Get it in Writing, Be Specific
When it comes to negotiating real estate contracts, and just about anything for that matter, it is very important to get every point in writing. Being as clear and as concise as possible in the language that we use on real estate contracts is critical. Seasoned Real Estate Professionals know that vague clauses on contracts […]
The Escape Clause, AKA ‘The Bump Clause’
Sometimes conditional offers have within their conditions an ‘escape clause’. An escape clause is commonly found when there are conditions within an offer that will take longer than the typical 7-10 day time frame for the Buyer to meet. A good example of this type of situation would be an offer conditional on the sale […]
Negotiating for a Successful Outcome
Negotiating for a successful outcome in real estate negotiations is a critical skill that is often under valued and over looked by both professionals as well buyers and sellers alike. Often times an offer will come in lower than asking, and rather than negotiating for a successful outcome, the offer will be outright rejected. Both buyers […]
Sticker Shock- Reality Versus Perception in Real Estate Pricing
When it comes to real estate pricing, the strategy that you employ when pricing your home is perhaps one of the most critical components of actually selling your home. You can list it at whatever price you like, but at the end of the day, if potential buyers are being hit with sticker shock at […]